40 lacs need to be invested in monthly income scheme.

Hello traders,

I have been in a strong need of a monthly income to support my family's expenses.I have a sum of rs. 40 lacs which I want to invest in a monthly income scheme or any scheme with good returns but is safe.I do not want to loose a single penny from my capital so I guess share market is not for me.I am a total novice at these things.

so please traders someone please help me invest my money to have maximum returns every month.Also please give details or a link or anything that could give me knowledge about investing in the plan you advice me to invest in.

Thank you,
sagar

i think mutual funds are best option

Stock Market & Mutual Fund is definitely not your cup of tea.....!!!

Look for Debt Based Investments but not through any Mutual Funds...
Check out the Bond offering from SBI through their branch personally or their online portal.
Some amount deployed in Infrastructure Bonds as well
In addition you will need a few FDs... spread over several different Banks...

Perhaps a couple of Kgs of Silver through National Spot Exchange as E-Silver.

Check with your Tax consultant for approximate Liability towards Income Tax Returns

You might want to do the above as HUF for further benefits towards reducing your Annual Tax Burden

SG

Well thank you for the prompt replies umeshwar and SavantGarde. Umeshwar i can't invest in risky businesses like mutual funds.
savantgarde i appreciate your detailed answer but still being a noob i didn't get a couple of things:

1.Check with your Tax consultant for approximate Liability towards Income Tax Returns
Does this means saving income tax.

2.You might want to do the above as HUF for further benefits towards reducing your Annual Tax Burden.

And yes stock market and mutual funds are surely not my cup of tea.My father has lost a fortune there.

Also could you throw some light on possible income i could generate through all these investments.I mean what could i earn at max. by systematic investment of 40lacs (e.g 20k/month,30k/month etc.) in the fields mentioned by you.

If you don't want to lose even a single rupee and are looking for guaranteed income from a corpus of 40 Lakh Rupees then your only options are fixed deposits and bonds of govt. institutions. Why would you want to do SIP in this case if you already have the whole amount of 40 Lakhs in cash? Today's FD rates of banks are about 9 to 9.5 % and some bonds and debentures of reputed institutions may give 2-3 % more than that. I don't know of any else risk free way of investing you money to get more return per year than this except may be real estate.

One more sugessition is that please do not put your all eggs in one basket. Instead spread it in 2-3 baskets. You can choose bank FDs, commercial properties like small shops and may buy some gold/silver. Overall will give you some atractive gains in long term.
BPS

I have good business proposal investment 35 lacs & profit above 50 lacs to 1 cr monthly.

Rice Pulling?
Bank robbery?
Stealing Printing Plates from RBI? Or all these?

You do not want to lose a single Re from your capital ... And returns in excess of 100 - 300% ...
Wake up Dearie .... This is not a fairy land ...

Check the returns ... That the very best Traders here earn / year ... year after year ... and compare that with this Accidental Business Proposal ...

Replying to a post that is 2 years old. :lol::lol::lol::lol:

Thanks a lot buddy ...
I never noticed that ... You saved my time ... :thumb::thumb::thumb: